Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0041%/8h= +4.5% APRpaid last 24h +0.067%

Price spread now: Hyperliquid against Gate+0.057%7-day average +0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$390.386% of the position

Long on Gate Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.196%+$20 on $10k

Price spread, last 7 days−0.054%−$5 · spread now +0.057%, 7d avg +0.070%

Together, before fees+0.142%+ Points / potential airdropHyperliquid: Season 2 · farm board+$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.070%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate LTC_USDT	61.540	0.0059	pay 0.0059% / 8h	1h 03m	$13.0M	$21.4M	75x
Short	Hyperliquid LTC	61.575	0.0100	get 0.0013% / 1h	3m 18s	$37.3M	$23.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee HyperliquidbpOrdersPrice spread, now +0.057%Rate

Funding earned: $8.61
Price spread: +0.057% → +0.070%: −$1.22
Slippage, 4 orders: −$14.6
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$31.21
Costs to cover: 0.386%
Break-even: 32.4 days

Slippage from Gate: live order book, 5 min ago; Hyperliquid: live order book, 10 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 5 min ago	0.81 bp	14.9 bp −$15	24.4 bp −$244	49.0 bp −$4,902	68.8 bp −$34.4K
Sell Hyperliquid live order book, 10 min ago	0.08 bp	6.7 bp −$7	doesn't fit	doesn't fit	doesn't fit

LTC on 37 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX LTC/USD [ETH-USDC]	L −0.0083% / S +0.0283%	1h	61.530	−0.016%	$112K	—	200x	as long as short
Variational Omni LTC	−0.0053%	8h	61.437	−0.168%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.562	+0.036%	$337K	$4.1M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.539	−0.002%	$30K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−4.566%	$5K	$22K	12x	as long as short
Gate LTC_USDTlong	+0.0059%	8h	61.540	long leg	$13.0M	$21.4M	75x
Kraken Futures PF_LTCUSD	+0.0087%	1h	61.565	+0.041%	$6.8M	$5.8M	50x	as long as short
Polymarket Perps LTC-USD	+0.0096%	1h	61.502	−0.062%	$85K	$378K	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.530	−0.016%	$12K	$213K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.553	+0.021%	$14K	$10K	20x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LTC-PERP	+0.0100%	1h	61.535	−0.008%	$252K	$321K	10x	as long as short
Hyperliquid LTCshort	+0.0100%	1h	61.575	+0.057%	$37.3M	$23.7M	10x
Aster LTCUSDT	+0.0100%	8h	61.628	+0.142%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.574	+0.055%	$538K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.542	+0.003%	$95.3M	$222.6M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.520	−0.032%	$78.0M	$59.7M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.520	−0.032%	$27.4M	$74.6M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.540	0.000%	$61.4M	$35.1M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.550	+0.016%	$19.0M	$12.7M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.540	0.000%	$31.9M	$22.0M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.540	0.000%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.530	−0.016%	$158K	$265K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.505	−0.057%	$42K	$357K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.524	−0.027%	$351K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.450	−0.146%	$103K	$707K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.620	+0.130%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.550	+0.016%	$634	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.570	+0.049%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.570	+0.049%	$22.0M	$9.1M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.528	−0.019%	$685K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.542	+0.003%	$470K	$499	3x	as long as short
Lighter LTC	+0.0120%	1h	61.643	+0.167%	$1.3M	$1.2M	10x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0140%	1h	61.564	+0.039%	$695K	$1.1M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.530	−0.016%	$4.8M	$11.7M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	61.517	−0.037%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0760%	1h	61.720	+0.292%	$1.2M	$2.2M	50x	as long as short
dYdX LTC-USD	+0.0987%	1h	61.550	+0.016%	$433K	$8K	10x	as long as short